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statuscvo [17]
2 years ago
12

Scarcity is the most basic problem in economics true or false

Business
2 answers:
Sholpan [36]2 years ago
7 0
This is true, it is one of the most basic problems 
Rasek [7]2 years ago
5 0
True.

I hope this helps! :)
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Suppose that the demand for a particular t-shirt the UNC Student Stores sells is deterministic with 2 units per day. Each t-shir
Veseljchak [2.6K]

Answer:

EOQ = 220.6052281 shirts rounded off to 221 shirts

The order should be placed after every 110 days.

Explanation:

The EOQ or economic order quantity is the optimum order level or quantity which minimizes the inventory related costs. This is the order quantity where the cost of ordering and the cost of holding the inventory is the minimum. The formula for EOQ is,

EOQ = √(2 * AD * O) / H

Where,

  • AD refers to annual demand
  • O is ordering cost per order
  • H is holding cost per unit per year

Annual demand for t shirts (assuming 365 days per year) = 2 * 365 = 730

Holding cost per unit per year = 0.5 * 12 = $6

EOQ = √(2 * 730 * 200) / 6

EOQ = 220.6052281 shirts rounded off to 221 shirts

To calculate how frequently the order should be placed,we will calculate the number of orders per year by dividing the total annual demand by the EOQ.

Number of orders per year = 730 / 220.61

Number of orders per year = 3.309 or 3.31 orders per year

Number of days per order = 365 / 3.309

Number of days per order = 110.305 days or 110 days

8 0
3 years ago
The net income for Sheridan Company for 2020 was $350,000. For 2020, depreciation on plant assets was $69,700, and the company i
enyata [817]

Answer:

350,000 net income

+69,700 depreciation

+13,300 loss on disposal

433,000 adjusted income

no change in working capital

cash generated from operating activities 433,000

Explanation:

We need to remove from the net incoem the non-monetary terms

The depreication is an accounting concept, it doesn't involve cash disbursements, so it is added.

Also the los son disposal doesn't involve using cash so is also removed.

Rule:

to remove a non-monetary expense we should add it.

to remove a non-monetary gain we should decrease it.

5 0
2 years ago
The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting e
hjlf

Answer: The general journal is used to post all accounting entries.

Explanation:

The general journal is the journal where all company transactions are recorded in. In other words, a general journal is the book of original entry where bookkeepers and accountants record business transactions according to the date the transactions take place.

It is the initial place where transactions are recorded, every page in the journal is divided into columns for dates, debit or credit records, serial numbers etc. Some companies keep specialized journals, such as sales journals or purchase journals, which records only a particular type of transactions. When a transaction has been recorded in the general journal, the amount is then posted to the appropriate accounts.

6 0
3 years ago
Read 2 more answers
When Stuart sold a computer network to a Fortune 500 company, he often called on the company's purchasing department to see if e
Semmy [17]

Answer: Relationship selling

Explanation:

Stuart in his sales transaction with Fortune 500 company, is carrying out relationship selling, where the seller tries to make sales by creating a friendly relationship with their buyers. Relationship selling helps the buyer to easily relate with the seller, thereby making sales very easy to transact.

7 0
3 years ago
Loss of network audience and the rise of cable have resulted in a new way for affiliates to receive compensation. _____________
murzikaleks [220]

Answer:

The correct answer is letter "C": Reverse compensation.

Explanation:

Reverse compensation is the practice by which television stations pay a television network for its affiliation to the network. This approach performed in the <em>U.S. broadcasting system</em> is called reverse because it aims to compensate networks for the advertising time used by the television stations while their programming is on the air.

5 0
3 years ago
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